Ryan Specialty, LLC Upsizes and Prices $600 Million of Senior Secured Notes
Summary
The sale of the Notes is expected to be completed on September 19, 2024, subject to customary closing conditions.The Notes will be jointly and severally, unconditionally guaranteed on a senior secured basis by each of the Companys existing and future wholly owned subsidiaries that guarantee its obligations under its credit agreement. All forward-looking statements are subject to risks and uncertainties, known and unknown, that may cause actual results to differ materially from those that Ryan Specialty expected. Specific factors that could cause such a difference include, but are not limited to, those disclosed previously in Ryan Specialtys filings with the Securities and Exchange Commission.Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Given these factors, as well as other variables that may affect Ryan Specialtys operating results, you are cautioned not to place undue reliance on these forward-looking statements, not to assume that past financial performance will be a reliable indicator of future performance, and not to use historical trends to anticipate results or trends in future periods. Ryan Specialty does not undertake, and expressly disclaims, any duty or obligation to update publicly any forward-looking statement after the date of this release, whether as a result of new information, future events, changes in assumptions, or otherwise.